Hi @marinetowing and welcome aboard. You have done very well to follow us here on HC for 2 years without saying boo considering the fiasco that has taken place.
Regarding your questions on the latest entitlement. It is all spelt out in the forms, however:
1. Whatever you chose to do will not affect your existing shares in anyway. So don’t worry about that having an issue on your current investment.
2. MCT are offering for you to buy more share based on 2 new shares for every 7 you hold. You can either choose to buy more shares or not, (again if you don’t act, it won’t affect your existing shares).
3. The incentive for taking up this offer is, that for every 3 new shares you purchase with this latest offer, MCT will give you 1 option which expires in 2 years from the acceptance date.
4. In 2 years time( or much less hopefully) the share price is above 0.01 (1c) then these options you will receive in your trading account (listed separate to MCT) will be worth converting.
Basically, they are offering an incentive to buy more shares now and you will receive free options, in which if the SP rises above 0.01 in 2 years you will make money!
However these things don’t often go to plan, so DYOR but hopefully this helps a little to understand more on how offers like these work.
